Richard B. Saltzman - 15 Feb 2024 Form 4 Insider Report for KIMCO REALTY CORP (KIM)

Role: Director
Signature: /s/ Paul Westbrook
Issuer symbol: KIM
Transactions as of: 15 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 16 Feb 2024, 16:13:31 UTC
Previous filing: 17 Feb 2023
Next filing: 01 May 2025
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KIM	Long-Term Incentive Units	Award	$0	+8,990		$0.000000	8,990	15 Feb 2024	Common Stock	8,990		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Long-Term Incentive Units are profits interest units in Kimco Realty OP, LLC ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock right, specified extraordinary distributions of similar events.
F2	The units will vest in five equal annual installments beginning on February 15, 2025. The Vested profits interest units have no expiration date.

Content

Long-Term Incentive Units are profits interest units in Kimco Realty OP, LLC ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock right, specified extraordinary distributions of similar events.

The units will vest in five equal annual installments beginning on February 15, 2025. The Vested profits interest units have no expiration date.